Filed September 23, 2022 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
CMFG LIFE INSURANCE COMPANY3+ years Service code 15 · EIN 39-0230590 | Recordkeeping | $76,214 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,713 | $81,537-47.6% | $149,718-71.5% | $69,631-38.7% |
| Participation rate | 99.1% | 86.1%+12.9pp | 87.1%+12.0pp | 70.7%+28.4pp |
| Annual return | 17.25% | 22.79%-5.5pp | 1501.63%-1484.4pp | 27571.02%-27553.8pp |
| Employer contribution / active EE | $2,383 | $3,239-26.4% | $5,445-56.2% | $2,032+17.3% |
| Participant deferral / active EE | $2,238 | $4,994-55.2% | $6,569-65.9% | $3,224-30.6% |
| Admin fee / account holder | $189 | $107+77.0% | $11,283-98.3% | $110+71.2% |